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, obama launches p.r. effort on cliff the fiscal cliff, of course. putting pressure on congress, president will talk to small business owners. so here's what's going on. right. with this fiscal cliff looming the president has laid out -- very, very clear what he's talking about, what he wants to see. it is a $4 billion package of cuts to the deficit a combination of spending cuts and new revenue and about $2 trillion of that coming from getting rid of the bush tax cuts. at the same time while getting rid of the tax cuts for the wealthiest 2% of americans letting the tax cuts for 98% of americans continue because the middle class do need the help and the wealthiest people do not. so to get there of course, and by the way let's back up, right. the president put forth his plan on november 6th and mitt romney put forth his plan and the american people said no, we don't like that romney way of going which is to continue to coddle the rich. we agree with president obama. so now the negotiations are underway. abo
will meet with middle- class americans and ceos. he is pushing his plans for averting that fiscal cliff. they are pushing congress to renew tax cuts before they expire by the end of this year. what they are saying about the president's campaign style approach to deal with this looming crisis. >>> and 400,000 californians are carefully watching this fiscal drama and that's because emergency benefits are due to expire unless congress agrees to an extension. here they are noticing possible loss of benefits are being mailed out this week. >>> let's check in with tara in for sal castaneda, it could be a sticky commute with the rain. >>> yes, we want to make sure you give yourself enough time today and right now if we take a look outside, this is a look at the east shore freeway as you drive towards the mcarthur maze, and as we look at the bay bridge toll plaza folks are headed to san francisco and they are not experiencing any delays. finally a look at 280 in san jose, traffic is looking good in both directions, here is steve. >>> well, we have a little bit of a lull before the system comes
of progress in congress's fiscal cliff negotiations. yeah, i will believe it when i see it. after tumbling in early trading the dow rebounded more than 200 points, closing up 10 points. see what happens when congress stops screwing things up? i don't know. we'll see. >>> disney joining a wave of companies increasing their annual stock dividend. the company will raise the stock cash payout by 25% to 75 cents a share. disney is trading up slightly of a hours on the news. >>> shares of costco leaped more than 6%. the company beat expectations for november same-store sales and announced it will pay out a special stock dividend, $7 per share. >>> now to our top story tonight t could be a total game-changer for pensions and municipal creditors. the nation's biggest public employee pension fund, calpers, is preparing to sue the bankrupt city of san bernardino, california, since that city stopped making payments to the pension fund. calpers says the city already owes the fund almost $7 million since filing for bankruptcy in august, on august 1st. now this is a first. i got to tell you. no city has
top business leaders on how the administration and congress can solve the crisis over the fiscal cliff. and fitch slashes argentina's rating by five notches on fears over a possible default. we'll speak to a bondholder who once represented the country's creditors. >>> first, let's check in on european markets. they are opening in the red, as you can see there. wow. a significant leg down on the ibex 35 there just since the last time we've checked in. now 1.3%, that index is shedding. the others holding up a little bit better, but still seeing losses. let's take a look at the bond space and see if a similar tone is con veiled. we are seeing yields continue to fall on a bit of a rally, including in the periphery where spain is yielding 4.5% in italy. earlier, we saw the euro/dollar weaker and still is by about .2 of a percent. also keeping an eye on that dollar/yen, which is dropping by half a percent today to 81-70. so below 82. for more, let's head over to deirdre wong morris. the shanghai composite has closed in the red again, extending one of the longest bear market runs in three yea
quickly face the challenge of his second term, avoiding this fiscal cliff. in august of 2011 congress passed the budget control act which threatened automatic spending cuts if congress failed to come up with a planned deficit reduction by 2013. these cuts are what we refer to as sequestration. this would mean an across the board cut of between 7% and 10% of all defense and non-defense federal spending irrespective of policy or its impact on everyday people. these cuts would be absolutely devastating to our national and local economies. our -- show that sequestration will reduce federal funding direct to san francisco by at least 26.5 million dollars a year, every single year. we would see over $5 million of cut to education, and almost $3 million of cuts from public housing. san francisco's allocation of medicare would be cut by $2 million. funding for the wic workforce program would lose almost $5 million. there would be a $1 million cut to housing services for people with hiv and aids and more than $1 million cut to the community development block grant program. ladies and gentlemen
. the big question is will his stance on the fiscal cliff matter to congress as both sides still try to broker a deal away from the edge. msnbc contributor jimy williams joins us from our d.c. bureau with more. good to have you with me. does this press event signal to all the parties involved the type of tone that the president really wants to strike today to those people that he's trying to get the votes from, that basically the american people support this? this is what he ran on and got re-elected. >> we know by the exit polling and other post election polling that in fact the american people are on board with this theory of economic fairness. now, the question becomes what's the president going to do about it? well, we're about to find out. he's going straight to the american people and actually pulling a great page out of the bill clinton and the ronald reagan playbook, which is to take his case straight to the american people. to think that we thought the election was over. apparently it is not, because he is out there making this populist message about tax fairness. he's going
the looming fiscal cliff. >> i've got a pen. i'm ready to sign it. >> surrounded by middle income americans, mr. obama warned that if the bush tax cuts are allowed to expire january 1, every taxpayer would pay more next year. the president said that would cost a typical middle class family of four an extra $2200. >> that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. >> this morning republican house speaker john boehner said his colleagues are willing to discuss new tax revenues but only if democrats agree to new spending cuts. >>> a bay area national guard crew just headed out on a rescue mission. >> steve paulson is back with more on when today's rain will end. he says there are bigger storms ahead. >> it was really close to their backs. if that was higher, i think it would -- >> you will hear more from a terrified south bay resident after bullets were fired into her room with small children inside. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one
and congress do reach a deal on the fiscal cliff, what will it look like? we'll get some thoughts from the fox all-stars when we return. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >>> right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. so we really need to get this right. i can only do it with the help of the american people. so, tweet, what was that again? my2k. do what it takes to communicate a sense of urgency. we don't have a lot of time here. >> in order to come to an agreement, republicans are willing to put revenue on the table. time for the president and the democrats to get serious about the spending problem that our country has. >> bret: some of the back and forth today the president calling on people to get involved including on twitter. this as he met this morning with unions and other liberal organizations to discuss the fiscal clif
coming up next. ♪ gerri: tonight, no clarity from congress from the fiscal cliff. will the american people end up being the big loser? and with the lame-duck congress ba in session, new warning about rules and regulations that it your way. welcome to "the willis report." hello, everybody. the white house trying to save face by saying it is wrong to think about talks to avrt the thistle class have broken down, but the evidence is mounting. the president pushing tax checks on those making over 50,000. all that promise, the second meeting between president and congressional leaders is an even scheduled yet. senate majority leader harry reid refusing to put cuts on the table and saying it is republicans who are holding up negotiations should we expect to go right over the ciff? let's start by taling about whether it is impoible to get some kind of thoroughgoing resolution of this issue. >> at think it is, but we have to be working on a full-time. the president needs to be here talking to members of congress and working out a big deal, meaning tax reform, and panama reform, and other spe
. the question remains, is there a compromise both sides can live with. >>> investors wary about the fiscal cliff and they're showing their concern on wall street. we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> good morning. last week, markets were kind of bland because congress was out of town. they came back, started talking about the fiscal cliff, and we see markets yesterday sort of take a bit a nose-dive. particularly after those comments from harry reed when he said it was time to stop the happy talk in his words. that overshadowed a lot of positive news that came in in the morning in terms data home prices, consumer confidence. we'll get data this morning on new home sales and a report from the fed on regional economic conditions. the dow after those comments from harry reid falling 89 points. and some changes in -- hopefully they can find their way there. apple has reportedly fired the executive in charge of developing the map software. rich williamson has left the come. he oversaw the app that was included in the new software and preinstalled on the ne
the fiscal cliff. that's because benefits are due to expire december 29th unless congress extends them. >>> well, texas city leaders are asking for advanced warning in the event same-sex becomes formally legalized. this coming friday, the u.s. court will decide whether to review the challenge to prop 8. california's voter apressured ban on gay marriage. now, if the high court refusing to -- refuses to hear the case, the earlier ruling would make same-sex marriage legal in california. if that happens, they would need at least 24 hours to prepare for a flood of marriage license requests. >>> andre ward will defend his titles in two months. the super middleweight champ will fight his opponent in los angeles on january 27th. he defeated dawson in the oracle arena in september. he's undefeated since winning gold at the 2004 summer olympics. >>> oakland as players are donating some of their playoff money to charity. they have decided to give away one share worth more than $34,000. their donation will be split between several charities, including big brothers and big sisters and the united wa
fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk ab
mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north
. should entitlement reform be part of the fiscal talks, and my two crepts more on what members of congress focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ] i'm with scottrade. well, having a ton of locations don't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announr ] break from the holiday stress. fedex office. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached by christmas. both sides seem so far off. even among senate democrats, there are deep divisions over whether to include cuts to medicare or medicaid. intel not reform, should it be par
their input how to grow the economy and how to deal with that looming fiscal cliff. they are saying taxes will go up if congress does not act. >>> still on the scene of a fire that may have been intentionally started inside a classroom at alameda high school. brian flores joins us with more on why the fire was considered suspicious. >> reporter: it looks like police investigators are here now continuing to gather any evidence they can from this suspicious early morning fires. now let's go to video we shot earlier this morning. according to investigators, the fire started roughly around 3:00 a.m. this morning and one of the classrooms had flames coming out of it from a nearby window and they quickly put it out but what they found was one of the windows was opened and it leads officials to believe it is suspicious in nature. >> we had a fire alarm at the alameda high school and we came here and found a fire and put the fire out and the fire is suspicious in nature. >> reporter: now in terms of damage several books were burned and a window was damaged. police believe there may have been smal
have five weeks to keep us from going over the fiscal cliff at the end of the year. that would mean automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here.
it comes to the fiscal cliff, the president and congress will either fail together or we will succeed together. there's nothing in between. i am confident, i am confident that we can pass the test and do what is good and right for the american people. >> the president's been talking a lot about taxes lately and as a c.p.a. who practiced tax for years and a member of the ways and means committee, there's no one who likes to talk about tax more than i do. but let's be honest, talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again, the wrong direction. i think house republicans have set a fine precedent four months ago, we passed a framework to address the issue of taxes. fundamental, comprehensive tax reform. pro-growth policies that kick start the economy, rather than hurting the economy. likewise, we have laid out a bipartisan plan to address the real drivers of our debt. in the auto pilot spending programs. and so i th
to submit. what's everybody talking about? >> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a pi
middle income families. >> you said today that congress should deal with the fiscal cliff crisis now, but tackle entitlements, the entitlement questions, later. yesterday, senator lamar alexander said the only thing the president has to do to get an agreement from republicans now is in his words, propose a reasonable way, a reasonable way to control entitlement spending. so is this a catch 22? who bends here? >> i don't expect us to have entitlement reform before december 31st. this is too technical, too important. let's do it right. but i do believe and i said it, any long term deficit reduction will require entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real progress without -- on spending, shall we say, without seriously addressing the medicare, the medicaid, m
need a framework for a solution, we need a down payment on it to avoid the fiscal cliff, and then after the new congress comes in, we address a compromise of long-term solutions. >> everyone seems to want to focus on the tax hikes first and talk about spending cuts later. will that work? >> no. you really have to -- we can't keep kicking the can down the road. we have to have more certainty for business. we want to get the economy going. we want to create jobs in the country. we want to preserve a prosperous united states for the next generation. i'm here speaking as an american, not simply as a ceo. if you care about your country, we have to stop kicking the can down the road and have more certainty and a framework that embraces both expense because you're going to reduce expenses by $3 for every dollar of revenue you raise if you embrace a bowles/simpson type solution. >> but that's optimistic. they're now talking one to one. it seems like people have even given up on that number. >> i don't believe they've given up on that number. our president during the election, he himself embrace
little progress on a budget deal to avoid a year-end fiscal cliff. it was really the tone, saying it's time to end the happy talk. that overshadowed positive reports on home prices and consumer confidence. this morning, we'll get data on new home sales and a report from the fed on regional economic conditions. the dow fell 89 points. the nasdaq losing nearly 9. if you're flying over the holidays, it's going to cost you more. airfares expected to be about 5% higher than last year. if you leave on the saturday before christmas and return on the following saturday, the saturday discounts won't apply. your fare could be 27% higher. it's not deterring many people who are willing to pay higher prices. if up got somebody flying in, really appreciate them for that. meantime, orbitz says the saturday and sunday before christmas are likely to be very busy. the day after as well. they think you will pay less if you fly on christmas day. if you're working on wednesday after christmas, i suspect christmas day will be a lot of busy travel for folks trying to get back after the long weekend. >>> ni
's looming. the so called fiscal cliff is getting closer and apparently no movement in congress to avoid it so far. the impasse is over raising tax rates on upper bracket income earners. republicans say they're willing to consider a tax hike but they want larger cuts made to benefit programs. the small business leaders came to avoid the cliff and tax hike on the middle class. on friday he's off to philadelphia where he will make a public case for his strategy and two gop leaders. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail. >> the election was conclusive in terms of which path the majority of the american people want to take. >> house republicans are also planning to hold events in the coming weeks with small business owners to highlight the effects the tax increase could have on them and their likelihood. how does the fiscal cliff impact california? larry, a lot of talk on how it will impact high earners. a lot of middle income class folks could feel it as well. >> if we go over the fiscal cliff, we're going to
trying to prepare for enough ability that we could go over the fiscal cliff. rhode island may be the small state in the union that could potentially be facing the worst pain if congress cannot make a deal because it is a massive one third of the budget funding. day three of the governors series. welcome, thank you for being here. >> thank you for having me on. liz: we want to hear from you guys because you are in a unique yet on every level position because of the federal funding. first off what are you doing to prepare? we are asking about if they are preparing one or two but is depending on what happened. >> we hope common sense prevails and we are working to push the commonsense forward and get an agreement certainly having optimism coming out of washington today is good news. that is our first preference, to do the right thing down in washington inside the beltway and avoid the fiscal cliff. liz: he said we almost have to prepare to separate budgets. wanted to go over the cliff and one if we don't. do you guys have prepared $8.1 billion estate budget. what if we go over th
ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me finish with how lincoln outlawed slavery for good and how de it using politics. this is "hardball," the place for politics. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? he loves risk. but whether he's climbing everest, scuba diving the great barrier reef wi
to the other battle brewing tonight, the clock is still ticking on the fiscal cliff. 35 days, taxes including on the middle class, will rise in america unless congress reaches a deal. abc senior white house correspondent jake tapper tells us the latest on this duel that would affect every single american family. >> reporter: the manufacturers of these angry birds building sets in pennsylvania will later this week be visited by president obama as he makes his case for raising tax rates on wealthier americans as part of a larger deal with congress. and while the president is not trying to provoke anger necessarily, he is trying to drum up passions for his proposal. meeting with small business owners today such as texas crop duster manufacturer, david ikert. >> there was a lot of talk in the room about certainty. small business wants certainty so they can plan, strategically look at how we move forward. >> reporter: and releasing these showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from my paycheck, it would severely impact my family. >> reporter: while t
. >>> new this morning, congress continues to try to avoid the so-called fiscal cliff, new poll reveals what americans believe should be done. the poll finds that 60% of americans believe taxes should be raised on the wealth this however, the poll also found support is largely based along it logical lines, 73% of democrats approve, 63% independents in favor [ unintelligible ] >>> the woman who could be the next secretary of state is feeling the heat on capitol hill. ambassador rice will be back today trying to appease republican leaders. rice met privately with senators mccain, graham and ayott yesterday they say she misled the public. in the days following rice placed blame on an anti-muslim video the administration said it knew the attack was the work of terrorists. >> concerns i have are greater today than they were before. we are not even close to getting the basic answers. >> the focus on some might say, obsession on, comments made on sunday shows, seems to me, and to many, to be misplaced. >> president obama has not yet announced who he will nominate for secretary of state. >>> 6:18 in
that is going to affect your taxes in just 34 days. that is the so-called fiscal cliff: automatic tax increases and federal budget cuts that will be imposed unless president obama and congress can make a deal on budget reform. not even everyone in the president's own party is with him on this and nancy cordes is on capitol hill for us tonight. nancy? >> reporter: scott, a rift has opened up between the white house and liberal democrats over what should be on the table in these talks. some democrats even say they're willing to let all the bush tax cuts expire, at least temporarily, even if they don't get the deal they want. senator patti murray of washington state is one of them. she says negotiations should focus far more on raising tax revenue than cutting spending. republicans are calling democrats like you "thelma and louise" democrats because you've expressed a willingness to go off the fiscal cliff. >> i'm willing to take a very tough stand and say to those on the other side that we are not going to accept an unfair deal that hurts middle-class america today and protect the wealthiest amer
to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in libya. her defense failed to convince her republican critics. nbc's tracie potts is on capitol hill with more on this. tracie, good morning to you. >> lynn, good morning. rice admitted that when she said the ambassador and three others who were killed were the result of spontaneous attacks, the information was partially wrong. as she has done before, in a statement after her meeting, she blamed it on bad intelligence information, talking points where references to al queda had been taken out according to sources and attacked ch
and budget cuts from the so-called fiscal cliff. the president met with small business owners on tuesday to talk about the effect on their companies from taxes and other charges. right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. and last night on hardball, former republican senator alan simpson gave his thoughts on the fiscal cliff and failure of lawmakers to reach an agreement. p. >> they love their party more than they love their country. how it we get to that point, don't ask me, but the whole business of reform and money in the campaign and beat up the guy, and it's not a case of who wins. it's you want to be sure somebody loses. and i say to people whether it's grover norquist or whatever, lord's sake, if you can't step up to the plate, what can happen to you? they can't murder you, they can't burn your house. the only thing they can do is defeat for you re-election by throwing some coo-coo from the left or right on you and if that means more than your country when it's ex
migraine formula. >>> from fiscal cliff notes to going gangnam style. here are today's "toplines". >> president obama is getting serious about the economy. fiscal cliff notes. >> i'm optimistic question can continue to work together. >> it's like congress put a gun to the economy's head. >> i'm so tired of obama putting i gun to the head of the american people. >> and he swore they would pull the tryinger. >> and then republicans saying, oh, what are we going to do? >> they want a divorce from grover near quist. >> an excuse to go to mexico, i'm game. >> what do you mean by impure thoughts. >> the mexican standoff without any mexicans. >> i have job security. >> they can't murder you. they can't burn your house. >> some republicans are abandoning the antitax pledge as fast as they abandoned -- oh, what's his name. >> governor romney, only the two men will be in the room. >> is getting stoned now becoming more acceptable? >> kentucky bluegrass feather beds and northern cal -- >> you know me, every day, ten pound a day. >> you can play 36 holes on it in the afternoon, take it home
, madam president. i yield the floor. mr. barrasso:man, i rise today to talk about the fiscal cliff that this country is facing and is coming upon us on january 1. as my colleagues have been pointing out, congress must act soon to take on the enormous expiring tax provisions in the sequester and i believe president obama needs to supply the leadership in those efforts. if he doesn't, we know that taxes are going to go up on all americans. we know that the economy is going to be thrown back into a recession, woondz w and we knowt unemployment will return to even higher rates than we have right now. our recovery from the last recession has been far too sluggish. we see that all across the country, and it's left too many americans still out of work. today our economy has created 9 million fewer jobs than we were promised under the president's own stimulus plan. our economy has rebounded far more slowly than it has following previous recessions. we simply cannot as a nation afford another recession right now. it would be especially tragic if there was a recession caused by a failure of
. >> this morning we'll ask amy klobuchar about the fiscal cliff and about the growing number of women in congress. but right now, dr. holly phillips says the old real estate mantra location, location, location may apply to your health. >> good morning today in health watch your neighborhood and your health. how you feel about your neighborhood can play a big role iryour physical health. a new study finds people who like their community or feel that it's improving have better physical health than those who don't like where they live or feel like it's getting worse. researchers polled more than 300,000 americans over the age of 18. people who said they were satisfied with their neighborhoods scored a 78 on a physical health index compared with 69 for those who were dissatisfied. people who felt like their neighborhood was improving scored a 79 on the health index compared to 70 for those who felt their community was getting worse. now the findings support a newly popular ecological finding of life. previous studies found people who feel safe walking outside in their neighborhoods have a 50% lower c
't going to be a major player in the fiscal cliff negotiations. he's not someone with a big constituency in congress, and a andrea, but the last presidential nominee and a guy that got 47.5% of the vote and lot letting it linger and reporters say, are you going to talk to mitt romney? smart of president obama to do, though, i think more symbolic than a practical impact. >> before the president campaigns for his budget priorities which are the higher taxes on the wealthy. >> to the tinker toys factory, i might add, too. my son will be thrilled to hear about that. >> montgomery county, pennsylvania. key swing district. let's talk, also, about something alan simpson said other things that was so interesting today. he said the president has committed and committed during the campaign to medicare reforms. and that those democrats who are saying, know, they're taking a vow against any of these changes in medicare for future beneficiaries, this is not what the president wants and the president is ready to deal. >> i would say, anandrea, this where focus on congressional democrats. this is a di
protesting spending cuts on the far side of the fiscal cliff and what that would mean for aids funding specifically, there was a nude awakening. aids protesters march iing into house speaker john boehner's office to give him the naked truth. boehner, boehner, don't be a sick. budget cuts will make us sick. the budget cuts are really rude, that's why we have to be so lewd. they were trying to lay bare the potential cuts for aids, the protests also served to put a naked spotlight on a major statement expected tomorrow from secretary of state hillary clinton. on the occasion of world aids day, secretary clinton is due to unveil an aids free generation. secretary clinton will make that announcement on thursday morning, but in advance of that renewed commitment to fighting aids, this group, which is known for memorable protests any way, found a way to be more memorable today. one of the groups involved in today's event tweeted, watch naked aids activists take over boehner's office at congress. that was their tweet that you could watch them and you really could. you can watch the live stream
-- >> greta: he has a victory, but we still have a fiscal cliff problem. he may have his political victory, but we still have the problem. >> yeah, we do, but congress has a nasty habit of procrastination, and this is no exception. you need christmas, exhaustion to play a role here, where members are tired and want to go home to get christmas gifts for their families. i don't think you'll see a deal until after christmas. >> greta: they knew about this problem in august of 12. that'2011. that's a year and a half. are we doing our job in this matters to a lot of american people. >> yeah. >> and they designed the fiscal cliff to be this point that -- pivot point where people would negotiate up to it. i think what's interesting here, you know, there's an outside gain in politics and an inside gain. now you've got the president going out, playing the outside game, trying to bring pressure outside in, when this is going tto be settled inside. one by one, working with members of congress. if you've seen the movie "lincoln," that's exactly what he does in the new spielberg movie, he has to work i
and the president calling for all kinds of requests about the fiscal cliff. do comprehensive tax reform. cut entitlements. cut out all kind of deductions. you can't imagine how many of these letters are out there. none of these letters are sent by business groups that file taxes as individuals. our next guest represents one of those groups. this is his letter. signing the letter, national federation of independent business ceo and president dan danner, who was chief of staff for the commerce secretary during the reagan administration. so you know what is going on inside the beltway possibly. welcome to the program, dan. thank you for coming on. >> thank you very much. thanks for having me. liz: listen, i'm not wrong. they are raining all kind of letters down on congress. what makes your letter different? what makes you think yours will get more attention? >> as you indicated earlier the people in this letter represent hundreds of thousands of businesses and millions of employees, and all their businesses file as individuals. and they don't think their business income ought to have its rates
center holds a form when dan the so-called fiscal cliff and with the current congress can learn from the 1990 budget deal between president george h.w. bush and democrat. we'll be live starting at 9:00 a.m. eastern on their companion network from the c-span 3. >> now, from secretary of state, condoleezza rice and former chancellor of new york city public schools, scholl klein discussed the educational system and its impact on national security. part of a two-day summit with policymakers and education leaders, hosted by the foundation for excellent education. it's about an hour. [applause] >> welcome to this evening broadcast on morning joe. the energy and thus are a visceral testament to writing two things. one aside the issue of educational reform has ripened. it's a combination of need, the talent we see in this term has coalesced around this issue to detect elegies, but there is a sense that the moment has arrived. and the other is 73 bush. [applause] i am a great believer that two things matter in life. one of the idea and the others people. that's the real driver of change, the
, some members of that cabinet, they will not be there for long. but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to first agree to keep the middle class tax cuts, and then he wants to move on and tackle the rest of the fiscal cliff problems. do not count on groundswell of republican support. in fact, one republican, congressman tom cob, proposed a similar idea and conservative republicans shot him down. we'll get to that here in a momen
cliff. i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot, folks. the powerball jackpot. it just so happens to take millions of us buying up tickets to fatten up that jackpot to that big old size. alison kosic is at a 7-eleven in new york basically meeting a few of the wanna-be one percenters. the truth of the matter, what are the odds? >> reporter: i know. i hate to throw cold water on your whole dream statement that you gave. yes this is all about dreams but you know the odds of winning are really low. 175 million to 1. those are your odds. you know what? i can't help but dream, too. i got a ticket here. one ticket, it could be the winning one. a
. this is "the five." ♪ ♪ >> dana: congress 35 days to reach a deal and prevent the economy going over the fiscal cliff. no mystery what the issues are that must be reed. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> er
of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the table. and i talked to a couple people that say everything's on the table then they start ticking off all the things that are not on the table, excuse me, so what's on your table that's an entitlement that you'd be willing to negotiate before we fall off the cliff? >> of course. and the social security is a separate thing. it does not add a penny to the debt. we should deal with this long-term survival and solvency, and we can do that in a separate setting other than this last-minute fiscal cliff negotiation. i will put medicare into the long-term negotiation here because, as i said, it runs out of money in twelve years. >> short-term what's on the table? >> what we need to put on the table in short-term is actual deficit reduction. we can do that through mandatory spending cuts in other areas. we can do it through the tax revenue that the president has called for. i think for inst
issues involving evidence. the trial doesn't start until next year. >> to washington. congress and the president are no closer to a deal to avoid masigs, tax increases in spending cuts that so called fiscal cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up o
. >> -- we will be over the so-called fiscal cliff, joy. >> right. >> so i hear you say he's holding baited breath until january 3rd. >> the fiscal cliff is more of a curve. it wouldn't be some catastrophic thing that would kick in right away. they'd actually have until the 15th of january until most of the first paychecks were coming out. they would have time to fix this because everybody would be voting for a tax cuts. so if all of the tax ruts from the bush era went away, they'd be voting on a middle class tax for everybody, $250,000 and less. that's something that boehner could get substantial votes for. even as crazy and inlogical as it sounds, it's crazy if a guy from oklahoma, not even in a swing state, if he's saying it's over, it's over. boehner just can't admit it. >> now, there is also a talk about fill bu abo about filibustering but hair said something. let me read the comment from dan five officer. the president has said that hasn't changed in the president's supports majority leader reid's efforts to reform the filibuster process. it's pretty heavy. >> it is. it depends on who
sure that the nation does not go off the so-called fiscal cliff and he's negotiating with republicans behind closed doors but obviously making his case to the public, very much putting pressure on those members of congress to do it his way as well. so we'll have more on that. >>> we're also following another story. this is backlash on capitol hill. this is criticism of the u.n. ambassador susan rice. it is now heating up as she meets with more republicans and faces more questions. we're going to have a live report up next. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at today. and now you're protected. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically y
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